Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.
Proceeds Account means a bank account of the Issuer held with a reputable bank, into which the Net Proceeds will be transferred and which has been pledged in favour of the Security Agent and the Bondholders (represented by the Security Agent) under the Proceeds Account Pledge Agreement.
Proceeds Account has the meaning set forth in Section 10(c).
Examples of Proceeds Account in a sentence
As of any date of determination, the Manager may cause any amounts on deposit in the Unfunded Exposure Account that exceed (i) prior to the end of the Availability Period, the Aggregate Unfunded Equity Amount and (ii) after the end of the Availability Period, the Aggregate Unfunded Amount, in each case, to be deposited into the Principal Proceeds Account.
For the avoidance of doubt, no Restricted Payments may be made except from the Interest Proceeds Account or, prior to the end of the Availability Period, the Principal Proceeds Account.
Funds on deposit in the ITC Insurance Proceeds Account and the Funding Account shall not be invested.
More Definitions of Proceeds Account
Proceeds Account is defined in Section 7.1.10.
Proceeds Account has the meaning set forth in Section 2.04(b)(ii).
Proceeds Account has the meaning set forth in the Accounts Agreement.
Proceeds Account means the account by that name established pursuant to Section 3.03. “Regulations” means temporary and permanent regulations promulgated under the Tax Code. “Resolution” or “Bond Resolution” means this Resolution.
Proceeds Account means a bank account of the Issuer, into which the Net Proceeds will be transferred and which has been pledged in favour of the Agent and the bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.
Proceeds Account means the bank account in the name of the Owner with the Account Bank and designated “Skopelos Proceeds Account”.
Proceeds Account means, with respect to each Locality, its account by that name established under Section 4 of this Proceeds Agreement.